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Traders Circle
- 8 reviews
- 2 likes
Approach with great caution
I know exactly who is being referred to in the other post. He's Captain Charisma but this kind of trading is incredibly high risk and can move in either direction incredibly quickly. ASIC had a few choice words about he company back in 2004 as well. ASIC obtained Federal Court restrictive orders against these spruikers for providing advice without an Australian Financial Services Licence (AFSL) and making false and misleading representations that contravene the ASIC Act 2001. I'm not sure whether they've cleaned their act up since then, but I w...
Read moreould give them a wide berth. Thankfully I only lost $1,000 and that was within a week. I stopped quick smart, having learned my lesson. A friend who is very experienced, successful and wise in the ways of many types of trading was dummy trading forex options for years to see whether it was worth doing. He decided not, for many reasons. It's a 24/7 obsession because you deal with markets around the world. You also cannot stop thinking about it when you have trades in because they can be during the night. Good luck getting to sleep. This is dangerous territory for inexperienced trades with dollar signs in their eyes. Their claims of insanely high returns appeal to our desire to make a quick buck. This, to me, is highly unethical, and I think the only ones who make consistent money out of this are the people who run the course and get a fee for trading on your behalf. They claim to have 'one of' the 'busiest' trading desks. This doesn't necessarily mean it's successful. Get peer reviews of any course of this nature. This is not the only questionable company out there.
- 2 reviews
- 5 likes
How to loose money quickly
Traders circle - Melbourne Australia FOREX brokers and training company
I went to their course 2017 to learn options trading at a cost of $5000. Head trainer [Name Removed] claimed that with their guidance trades would be positive 70% of the time. Sounded great, entered into in 7 trades that they suggested following the course, most were losers and cost me $7000, with any winners most of the rewards were just chewed up in fees.
They talked me into trading the ASX/XJO only which they would manage under their Elite Trade group. I started with a k...
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